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Re: BullNBear52 post# 339662

Tuesday, 07/01/2008 7:49:49 PM

Tuesday, July 01, 2008 7:49:49 PM

Post# of 495952
B&BS, You really need to get your facts straight...
"There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by Bush’s father in 1990. Bush’s brother, Jeb, fiercely opposed offshore drilling when he was governor of Florida. What the president now proposes would rescind his father’s decision — but the president took the position that Congress has to act first and then he would follow behind.

Asked why Bush doesn’t act first and lift the ban, Keith Hennessey, the director of the president’s economic council, said: “He thinks that probably the most productive way to work with this Congress is to try to do it in tandem.”
"
http://www.newsminer.com/news/2008/jun/18/bush-pushes-congress-ramp-energy-exploration-inclu/

"The moratorium was imposed in 1981, when lawmakers from coastal states sought to block leasing off the Massachusetts and California coasts. Congress has approved the moratorium every year since. President George H.W. Bush issued a separate executive order banning offshore oil drilling in 1991. That prohibition was initially slated to expire in 2002, but in 1998 President Bill Clinton extended it to 2012.
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/18/AR2008061800312_pf.html


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